Banks raise concerns that rules would kill securitization market

08/17/2011 | (free registration)

Major banks are concerned that if proposed risk retention rules are not changed, they could destroy securitization. "We believe the rules as currently proposed embed in the regulatory framework excessive cost and complexity that could impede the revitalization of healthy securitization and housing markets, and potentially unduly restrict credit availability for a majority of consumers, contravening stated policy goals of both Congress and the White House," Tom Hamilton of Barclays Capital wrote.

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